Ministry of Investment - within the Asset Management Program – the Holding Company for Chemical Industries announces the sale of its full share reaching 8693240 shares representing 79.99 per cent of the total share capital of the General Paper Industry Company "Rakta" to an investor according to the purchases offers while allocating a ratio of 10% of total issued shares for the company's shareholders staff union if any desire.

First: Information of the company issuing shares:

Company's name & address: General Paper Industry Company Rakta, El Tabya, Rashid, Alexandria
Incorporation date: 1958
Company's purpose: Manufacturing and trading printing paper, writing paper, craft paper in all types and multi-layered cardboard as well as other paper in all types and materials and manufacturing and trading products which depend on paper and cardboard or their waste.
Legal Status: Egyptian Joint Stock Co. According to law No. 203 /1991
Listing in stock exchange and central deposit: Listed in the stock exchange in the official table and listed in the central deposit.
Number and percent of shares representing public fund including share of the holding company: 9910523 shares representing 91.2%.
Number and percent of shares owned by other authorities (private sector and individuals): 957337 shares representing 8.81%.

Shareholders' Structure of General Paper Industry Company "Rakta"

Second: Seller Profile:

Seller name: Holding Company for Chemical Industries
Seller Description: Egyptian Joint Stock Holding Company according to law No. 203/1991
Number and per cent of shares owned by the seller: 8693240 shares representing 79.99%.
Total shares offered for sale: Till 8693240 shares while allocating 10% of issued shares to shareholders staff union if any desire.

Third: Receiving offers:

Information memorandum shall be requested against EGP 1000 as of Saturday 14/7/2007 in the head office of Holding Company for Chemical Industries from 09:00 a.m. till 03:00 noon except Fridays and vacations.
The investor or agent on his behalf (according to official proxy) shall submit to the Holding Company for Chemical Industries a request declaring his initially desire to purchase 100% of the company's issued shares (90% of shares in case the company's shareholders staff union has a desire to purchase the ratio of 10% allocated for them) with a minimum limit covering the share of Holding Company for Chemical Industries reaching 79.99% (69.99% in case the union has a desire to purchase its allocated ratio) of the company's capital and according to rules organizing bases of acquisition and purchase offers in Chapter 12 of Executive Regulations of capital market law No. 95/1992.
Investors who have a desire in the purchase shall be allowed to visit the company and its locations and conduct the financial, technical and legal survey within 45 days as of date of announcement and till date of submitting the offer and publishing the investor name in the official gazettes.
The shares purchase transaction will be implemented through the Cairo & Alexandria Stock Exchange and according to the aforementioned provisions.
Fourth: Transaction conditions:

- Investors who have a desire to purchase shall commit to finalize the purchase transaction through submitting purchase offers in accordance with the provisions of Chapter 12 of Executive Regulations of law No. 95/1992.
- Offers shall be evaluated according to the absolute appreciation of the holding company and it is allowed to decline any offer without mentioning any reasons.
- The investor-turned-purchaser takes the place of shareholders in assuming all rights and obligations in relation to keeping the company's registration in the capital market and pledges to develop the production lines employment, increase and pump investments according to a not less than 5-years time plan within the framework of the company's continuous activity while protecting rights of employees and not using locations and lands of the company for purposes other than specialized for and commitment to the application of law No. 4 for the year 1994 in relation to environment affairs.

For more information, please contact the Holding Company for Chemical Industries
Tel: 02/27942639
Fax: 02/27957475
This advertisement was ratified by the Capital Market Authority dated 5/7/2007
For more information on investment in Egypt, visit the investment portal www.investment.gov.eg